BitCoin for Retirement

[slaman29]

Well, I really hope the predictions of some "experts" that the 1 million dollar bitcoin is possible between 2020-2040. I won't have 1 bitcoin maybe but I will have hopefully half. Half a million is good enough, I will be 53 in 2040 and still 12 years from retirement, so I can afford to wait until 2052

[Renji Abarai]

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

Ues to be exact because will never know the time and timing its more important to have another option than be more  dependent on this. Anytime the value change.

Yeah , true , so here I am thinking we should bought another coins also that has seems to be good future  .
Here I think we should hold atleast 5 btc for the future and altclins with the value of 5 btc .
I mean 1btc= eth
              1btc = dash
              1btc = ripple
              1btc = Monero
               1btc = dgb .
With the good future of the Bitcoin these altcoins also has bright future , so here in my opinion we should have these altxoins , it may be possible with the time increase they are also have the increase in value and demand and will reach to the value of the Bitcoin , so here we are not only making money with the Bitcoin but also with the other altcoins and turning our risk into minimum​ by holding many altcoins with Bitcoin .

This is a good idea. You diversified our 1 bitcoin to other top coins being traded. For what we know, this coin has great potential  to grow more. I think its time to start accumulating. Oh BTW this is not the only retirement plan I have. This is only to augment, since bitcoin is very promising.

[ethereumhunter]

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

If bitcoin is till around in 20 years you will probably only need one bitcoin!

maybe what you said is true and we only hope that we are still live in that time so we can use our bitcoin to bought something or maybe we can give our bitcoin into our children so they can use it for their needs. from beginning in 2009 until now 2017, bitcoin is already 8 years and there are still 12 years more to wait until 20 years. i am curious too what will happen in 20 years later after the first launching of bitcoin.

[aoluain]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

I definitely do not think that only a single bitcoin will be enough when all of us go into retirement. I am going to keep earning and trading bitcoin so that I can have as much bitcoin when  I retire.

well if you can do that way its much better keeping bitcoin to grow more while you still have capability, allow your day job to provide your needs and let your bitcoin to be kept until the time of your retirement, for sure you will save more and it will bring fortune and you will be more stable from that time then.

agree!

I think 1 bitcoin stashed away for retirement is fine.
if you can afford to sink </> €2500 for 1 BTC on a longterm hold thats a good start.

Nobody can tell what will happen in the future and some of the predictions are very very interesting indeed!

I believe we do need to do something for the future and creating a mix of "investments" is good planning.

Here in Ireland we are facing an uncertain future in relation to state pensions
because there is less and less people employed and more and more people retiring.
So at todays statistics the amount employed in the future will not be able to fund the amount of retirees.

[NEWGOODOUBLE]

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

[Wapinter]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

If you go by the latest trend in bitcoin price and its historical analysis, yes 1 btc would be more than enough but that said, you can't live on prediction or assumptions.Make sure you also have other means to support your retirement life in case btc failed.

[szpalata]

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

The methods of collection may differ from person to person and so if you're planning on earning through signature campaigns and faucets, others are either mining or buying with fiats and so the possibility of getting lazy along the way is likely to affect you than others. Secondly I think setting a target if 100 BTC signifies greed on your side because there are just 21 million BTC and if everyone was to target 100 BTC I don't think there will be enough for justva single country.

[South Park]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

Since you are talking about diversifying your options then why not, I think it will be a mistake to put all your eggs in one basket even if the basket is bitcoin, but since you are talking about investing in other business that are very resistant to any kind of economic crisis like farming then you are going to be ok, the most important thing is to save and invest as much as you can.

[agatha818]

we save our bitcoin for our future and our retirement, absolutely a great investment!

[mornabo]

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

For my retirement I would not depend on 1 btc. Although prices in the next few years may be very high. But I will target more than 30 btc for my retirement

[MingLee]

Well, I really hope the predictions of some "experts" that the 1 million dollar bitcoin is possible between 2020-2040. I won't have 1 bitcoin maybe but I will have hopefully half. Half a million is good enough, I will be 53 in 2040 and still 12 years from retirement, so I can afford to wait until 2052

If Bitcoin can get to that point then I would be happy to retire completely (mostly) off of what I have earned from Bitcoin. As long as I keep building up the value until that point, and it does reach that point, I'll be happy. It just comes down to whether or not the market is actually going to move in that direction or stagnate somewhere below that. It isn't impossible for the market to slow down a lot before hitting the $1m mark.

[aTriz]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

If you live in a third world country - absolutely. I believe that 1 bitcoin is going to be worth at least $100,000 when I retire at least and that's going to be a fortune in a third world country especially in Asia where htings are so cheap.

I am actually planning on retiring in a foreign country, because things are so bloody expensive here.

Keep stacking your coins and you'll be rewarded greatly. Trust me. Try to get more than 1 bitcoin if that is possible because bitcoin has a fixed amount of 21 million maximum. If you keep fiat it'll depreciate. If you keep bitcoin it'll appreciate.

[easynote]

Well, I really hope the predictions of some "experts" that the 1 million dollar bitcoin is possible between 2020-2040. I won't have 1 bitcoin maybe but I will have hopefully half. Half a million is good enough, I will be 53 in 2040 and still 12 years from retirement, so I can afford to wait until 2052

One million dollars per Bitcoin would be a nice price for the people that are holding Bitcoin. I am sure that there will be a bunch of people that will regret spending their coins when the price of Bitcoin was only a couple of digits. People were complaining about the price then and it would be pretty interesting to see what they state if the price reaches a million dollars.

[Barbarian]

if 1 bitcoin is just one of your investment that you put away for your retirement then it is an excellent idea because you should always diversify

or go all in and be madly rich for retirement
Two ways of doing retirement, on hawaii islands or in hospital care ;P

It depends on how much are you willing to sacrifice now in order to reap the fruits tomorrow, many persons are now persons, persons that only care about the present and not the future, that is why there are mandatory retirement plans from the government.

[KesoNie]

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

You should save more bitcoin for the future and the more bitcoin that you will save now, the many saving that you would have for the future. Bitcoin is a good for long term investment. So you must save it for the future preferences. Save bitcoin and stored it, earn more now. I wish that i could save more too.

[LostWords]

As long as your altcoin investments aren't losing, thats a great way to gain more BTC and saving BTC in the meantime too. Let's say you invested 0,5 BTC in multiple altcoins. One of them you have invested 0,2 BTC in and that becomes worth 10 times more -> = 2 BTC thre and lets say the others didnt gain much = 0,3 + 2 BTC = 2,3 BTC. And during that time you just hold and wait 10 years (with little investing here and there) if BTC then becomes 10 times it's worth, then you have made great investment for maybe a retirement depending of your country.

[BitcoinzB]

We can't really rely on bitcoin value for retirement; we definitely need to rely on something more stable and which fluctuates less
But the hope is that it will go up in value and be a decent added fund to what we already saved

[Kyraishi]

I am living in a still-considered as a third world country which kinda suit me because the standard of living here is still low and we can easily afford all the necessities of life and even some luxuries here and there. Money here goes a long, long way at least compared to developed countries like USA or Japan for that matter.

It is then good to retire here most especially if you have the money in your purse. Now, I am planning to set aide even just 1 Bitcoin as part of my retirement plan...of course it is just part of the mix as I am also into cacao/mango/coconut farming which can also serve me well when I am retired.

Do you think 1 Bitcoin can be good for retirement...let's say 20 years from now?

I think that holding bitcoin is a great idea for retirement, because you never know what's going to happen with bitcoin price in the short run but what you can be sure is that it will rise in the long run due to the fact that there will only be 21 million ever created.

It's a good hedge against fiat currencies and fiats aren't going to survive beyond 2030. Mark my words.

I don't think that 1 btc is enough, at least for now. If you are retiring in 2070 then yeah but if you are retiring before that decade then you should have at least 5 ready. There isn't really an accurate minimum of what is enough, but as i said 5 seems like a good amount to hold.

[CryptoBry]

Instead of doing a 1 time 1 bitcoin deposit, I would consider monthly additions to the fund. Start your fund with the planned 1 bitcoin and then add for instance your signature campaign earnings to this fund if you don't need those funds to get by currently. This way, you will grow your bitcoin fund over the years to make sure it grows with the increasing standard and cost of living your country will go through. Also, keep an eye on the developments. For all you know, for some reason bitcoin will shift out and be replaced by others. You wouldn't want to end up with nothing in twenty years.

I do agree with this strategy. You can put up a retirement program primarily involving cryptocurrencies which means not just Bitcoin but also mixed currencies to provide balance and lessen the risks as years go by. There are also other nice and potentially profitable coins/tokens around worth looking at.

[truongdhnh]

yes 1 bitcoin is enough after 20 years..but it can be risky..its better to have another option for safety..

I think it would be better if you give a big target. Such as collecting at least 100 btc or more. It will keep you motivated. Rather than a small target it will make you lazy

You should save more bitcoin for the future and the more bitcoin that you will save now, the many saving that you would have for the future. Bitcoin is a good for long term investment. So you must save it for the future preferences. Save bitcoin and stored it, earn more now. I wish that i could save more too.

I am extremely optimistic about bitcoins future but even I wouldn't invest all into BTC although he price is going higher due to increasing demand while supply is increasing more slowly.